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Smart Weight, Body Composition, and BMI Scales Market by Retail Channel, Price Range, and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 147
  • SKU: IRTNTR73170
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The smart weight, body composition, and BMI scales market share is expected to increase by USD 85.26 million from 2021 to 2026, at a CAGR of 4.58%.

This smart weight, body composition, and BMI scales market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart weight, body composition, and BMI scales market segmentations by retail channel (offline and online), price range (less than $100 and more than $100), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The smart weight, body composition, and BMI scales market report also offers information on several market vendors, including Actofit Wearables, Fitbit Inc., FKA Distributing Co. LLC, Garmin Ltd., Huawei Investment and Holding Co. Ltd., iHealth Labs Inc., Koogeek Inc., Nokia Corp., Polar Electro Oy, Qardio Inc., Tanita Corp., Under Armour Inc., Wahoo Fitness LLC, and Xiaomi Corp. among others.

What will the Smart Weight, Body Composition, and BMI Scales Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Smart Weight, Body Composition, and BMI Scales Market Size for the Forecast Period and Other Important Statistics

 

Smart Weight, Body Composition, and BMI Scales Market: Key Drivers, Trends, and Challenges

The increasing health consciousness is notably driving the smart weight, body composition, and BMI scales market growth, although factors such as the proliferation of alternative smart wearable devices and applications may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart weight, body composition, and BMI scales industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Weight, Body Composition, and BMI Scales Market Driver

Increasing health consciousness is one of the key drivers supporting the smart weight, body composition, and BMI scales market growth. The increase in the percentage of the aging population leads to an increase in the occurrence of diseases. High healthcare costs further increase the degree of health consciousness and precautional measures adopted by the global population. The use of smart weight, body composition, and BMI scales helps in the timely tracking of multiple health parameters. Moreover, increased health consciousness has led to high demand for healthy foods, gym memberships, diet programs, mobile health applications, and smart fitness devices. Increased health consciousness, coupled with product utility awareness, contributes to the growth of the global smart weight, body composition, and BMI scales market.

Key Smart Weight, Body Composition, and BMI Scales Market Trend

The pregnancy-mode feature is one of the key smart weight, body composition, and BMI scales market trends that is contributing to the market growth. Continuous product innovations have facilitated the launch of smart weight, body composition, and BMI scales with advanced pregnancy-mode features. Such features provide an efficient track of the expectant mother's health parameters and provide information about the progress of a pregnancy. For instance, Qardio launched QardioBase, which helps expectant mothers track their progress and maintain a visual directory of each measurement. Thus, the inclusion of advanced features in smart body weight scales will fuel the demand for global smart weight, body composition, and BMI scales during the forecast period.

Key Smart Weight, Body Composition, and BMI Scales Market Challenge

The proliferation of alternative smart wearable devices and applications is one of the factors hindering the smart weight, body composition, and BMI scales market growth. Smart weight, body composition, and BMI scale market help in measuring body weight, body-fat percentage, and others. However, there exist multiple fitness-tracking devices that offer similar features as that of smart weight, body composition, and BMI scales. The similarity in functionalities, performance and price performance of these devices poses threats to the growth of the current market. Such alternative fitness devices track physical activities, speed, calories burnt, and user heart rate. The key smart fitness wearable devices available in the market include Apple Watch and other Fitbit bands. Such availability of alternative smart wearable devices will hinder the market growth during the forecast period.

This smart weight, body composition, and BMI scales market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart weight, body composition, and BMI (Body Mass Index) Scales market as a part of the global consumer electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart weight, body composition, and BMI scales market during the forecast period.

Who are the Major Smart Weight, Body Composition, and BMI Scales Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Actofit Wearables
  • Fitbit Inc.
  • FKA Distributing Co. LLC
  • Garmin Ltd.
  • Huawei Investment and Holding Co. Ltd.
  • iHealth Labs Inc.
  • Koogeek Inc.
  • Nokia Corp.
  • Polar Electro Oy
  • Qardio Inc.
  • Tanita Corp.
  • Under Armour Inc.
  • Wahoo Fitness LLC
  • Xiaomi Corp.

 

This statistical study of the smart weight, body composition, and BMI scales market encompasses successful business strategies deployed by the key vendors. The smart weight, body composition, and BMI scales market is fragmented and the vendors are deploying growth strategies such as introducing innovative products to compete in the market.

Product Insights and News

  • Actofit Wearables - Under the unified segment, the company offers products such as smart scale, badminton tracker, and heart rate monitoring chest strap. 
  • Actofit Wearables - The company offers smart scale pro max which is the smartest health monitor designed to measure 24 body composition metrics to provide a holistic health profile. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart weight, body composition, and BMI scales market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Weight, Body Composition, and BMI Scales Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart weight, body composition, and BMI scales market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Weight, Body Composition, and BMI Scales Market?

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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for smart weight, body composition, and BMI scales market in North America. Market growth in this region will be faster than the growth of the market in Middle East and Africa.

Technological advances will facilitate the smart weight, body composition, and BMI scales market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Due to the COVID-19 pandemic, the commercial user segment in the region witnessed more challenges than the residential user segment. However, the regional government lifted the lockdown and travel restrictions, which will increase the manufacturing of smart weight, body composition, and BMI scales, and many gyms and fitness clubs would restart operations with full capacity. This would drive the smart weight, body composition, and BMI scales market in the region during the forecast period.

What are the Revenue-generating Retail Channel Segments in the Smart Weight, Body Composition, and BMI Scales Market?

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The smart weight, body composition, and BMI scales market share growth by the offline segment will be significant during the forecast period. The offline distribution channel comprises specialty stores, department stores, hypermarkets, supermarkets, and convenience stores. Significantly, hypermarkets, supermarkets, and convenience stores accounted for 62.90% of the offline retail distribution channel of the global smart weight, body composition, and BMI scales market. They offer a variety of products at competitive prices. Thus, these strategies will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart weight, body composition, and BMI scales market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart Weight, Body Composition, and BMI Scales Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.58%

Market growth 2022-2026

$ 85.26 million

Market structure

Fragmented

YoY growth (%)

5.02

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Actofit Wearables, Fitbit Inc., FKA Distributing Co. LLC, Garmin Ltd., Huawei Investment and Holding Co. Ltd., iHealth Labs Inc., Koogeek Inc., Nokia Corp., Polar Electro Oy, Qardio Inc., Tanita Corp., Under Armour Inc., Wahoo Fitness LLC, and Xiaomi Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Smart Weight, Body Composition, and BMI Scales Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive smart weight, body composition, and BMI scales market growth during the next five years
  • Precise estimation of the smart weight, body composition, and BMI scales market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart weight, body composition, and BMI scales industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart weight, body composition, and BMI scales market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Retail Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Price Range
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Retail Channel

    • 5.1 Market segments
      • Exhibit 25: Chart on Retail Channel - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Retail Channel - Market share 2021-2026 (%)
    • 5.2 Comparison by Retail Channel
      • Exhibit 27: Chart on Comparison by Retail Channel
      • Exhibit 28: Data Table on Comparison by Retail Channel
    • 5.3 Offline - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 5.4 Online - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Retail Channel
      • Exhibit 37: Market opportunity by Retail Channel ($ million)

    6 Market Segmentation by Price Range

    • 6.1 Market segments
      • Exhibit 38: Chart on Price Range - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on Price Range - Market share 2021-2026 (%)
    • 6.2 Comparison by Price Range
      • Exhibit 40: Chart on Comparison by Price Range
      • Exhibit 41: Data Table on Comparison by Price Range
    • 6.3 Less than $100 - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Less than $100 - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Less than $100 - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Less than $100 - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Less than $100 - Year-over-year growth 2021-2026 (%)
    • 6.4 More than $100 - Market size and forecast 2021-2026
      • Exhibit 46: Chart on More than $100 - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on More than $100 - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on More than $100 - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on More than $100 - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Price Range
      • Exhibit 50: Market opportunity by Price Range ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 52: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 54: Chart on Geographic comparison
      • Exhibit 55: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 56: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 57: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 58: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 59: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 76: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 UK - Market size and forecast 2021-2026
      • Exhibit 80: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 8.10 Canada - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 8.11 China - Market size and forecast 2021-2026
      • Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.12 Germany - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 96: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 97: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 98: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 99: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 100: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 101: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 102: Matrix on vendor position and classification
            • 11.3 Actofit Wearables
              • Exhibit 103: Actofit Wearables - Overview
              • Exhibit 104: Actofit Wearables - Product / Service
              • Exhibit 105: Actofit Wearables - Key offerings
            • 11.4 Fitbit Inc.
              • Exhibit 106: Fitbit Inc. - Overview
              • Exhibit 107: Fitbit Inc. - Business segments
              • Exhibit 108: Fitbit Inc. - Key offerings
              • Exhibit 109: Fitbit Inc. - Segment focus
            • 11.5 FKA Distributing Co. LLC
              • Exhibit 110: FKA Distributing Co. LLC - Overview
              • Exhibit 111: FKA Distributing Co. LLC - Product / Service
              • Exhibit 112: FKA Distributing Co. LLC - Key offerings
            • 11.6 Garmin Ltd.
              • Exhibit 113: Garmin Ltd. - Overview
              • Exhibit 114: Garmin Ltd. - Business segments
              • Exhibit 115: Garmin Ltd. - Key offerings
              • Exhibit 116: Garmin Ltd. - Segment focus
            • 11.7 Huawei Investment and Holding Co. Ltd.
              • Exhibit 117: Huawei Investment and Holding Co. Ltd. - Overview
              • Exhibit 118: Huawei Investment and Holding Co. Ltd. - Business segments
              • Exhibit 119: Huawei Investment and Holding Co. Ltd. - Key offerings
              • Exhibit 120: Huawei Investment and Holding Co. Ltd. - Segment focus
            • 11.8 iHealth Labs Inc.
              • Exhibit 121: iHealth Labs Inc. - Overview
              • Exhibit 122: iHealth Labs Inc. - Product / Service
              • Exhibit 123: iHealth Labs Inc. - Key offerings
            • 11.9 Nokia Corp.
              • Exhibit 124: Nokia Corp. - Overview
              • Exhibit 125: Nokia Corp. - Business segments
              • Exhibit 126: Nokia Corp. - Key offerings
              • Exhibit 127: Nokia Corp. - Segment focus
            • 11.10 Under Armour Inc.
              • Exhibit 128: Under Armour Inc. - Overview
              • Exhibit 129: Under Armour Inc. - Business segments
              • Exhibit 130: Under Armour Inc. - Key offerings
              • Exhibit 131: Under Armour Inc. - Segment focus
            • 11.11 Wahoo Fitness LLC
              • Exhibit 132: Wahoo Fitness LLC - Overview
              • Exhibit 133: Wahoo Fitness LLC - Product / Service
              • Exhibit 134: Wahoo Fitness LLC - Key offerings
            • 11.12 Xiaomi Corp.
              • Exhibit 135: Xiaomi Corp. - Overview
              • Exhibit 136: Xiaomi Corp. - Business segments
              • Exhibit 137: Xiaomi Corp. - Key news
              • Exhibit 138: Xiaomi Corp. - Key offerings
              • Exhibit 139: Xiaomi Corp. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 140: Inclusions checklist
                • Exhibit 141: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 142: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 143: Research methodology
                • Exhibit 144: Validation techniques employed for market sizing
                • Exhibit 145: Information sources
              • 12.5 List of abbreviations
                • Exhibit 146: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The smart weight, body composition, and bmi scales market growth will increase by $85.26 million during 2022-2026.
              The smart weight, body composition, and bmi scales market is expected to grow at a CAGR of 4.58% during 2022-2026.
              Technavio has segmented the smart weight, body composition, and bmi scales market by retail channel (Offline and Online) and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
              Actofit Wearables, Fitbit Inc., FKA Distributing Co. LLC, Garmin Ltd., Huawei Investment and Holding Co. Ltd., iHealth Labs Inc., Koogeek Inc., Nokia Corp., Polar Electro Oy, Qardio Inc., Tanita Corp., Under Armour Inc., Wahoo Fitness LLC, Xiaomi Corp. are a few of the key vendors in the smart weight, body composition, and bmi scales market.
              North America will register the highest growth rate of 36.52% among the other regions. Therefore, the smart weight, body composition, and bmi scales market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the smart weight, body composition, and bmi scales market growth are:
              • Increasing health consciousness
              • Pregnancy-mode feature
              The smart weight, body composition, and bmi scales market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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